Research Analysts Offer Predictions for CIGI Q3 Earnings

Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI - Analysts at National Bank Financial issued their Q3 2024 earnings per share estimates for shares of Colliers International Group in a note issued to investors on Monday, October 21st. National Bank Financial analyst M. Sytchev forecasts that the financial services provider will post earnings of $1.43 per share for the quarter. The consensus estimate for Colliers International Group's current full-year earnings is $5.66 per share. National Bank Financial also issued estimates for Colliers International Group's Q4 2024 earnings at $2.25 EPS, FY2024 earnings at $5.62 EPS and FY2025 earnings at $6.34 EPS.

CIGI has been the subject of several other research reports. Stifel Nicolaus upped their price target on shares of Colliers International Group from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. StockNews.com downgraded Colliers International Group from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. BMO Capital Markets lifted their target price on Colliers International Group from $163.00 to $164.00 and gave the company an "outperform" rating in a report on Friday, September 13th. Scotiabank boosted their price target on Colliers International Group from $150.00 to $155.00 and gave the company a "sector outperform" rating in a research report on Friday, August 2nd. Finally, Raymond James downgraded Colliers International Group from a "strong-buy" rating to an "outperform" rating and raised their price objective for the stock from $150.00 to $160.00 in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $158.33.

Colliers International Group Trading Up 4.8 %

Shares of NASDAQ CIGI traded up $7.12 on Thursday, reaching $154.91. 239,227 shares of the company traded hands, compared to its average volume of 113,427. The stock has a market capitalization of $7.58 billion, a PE ratio of 75.57 and a beta of 1.49. Colliers International Group has a fifty-two week low of $83.38 and a fifty-two week high of $155.09. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.13. The company has a 50 day moving average of $146.35 and a 200 day moving average of $127.17.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its earnings results on Thursday, August 1st. The financial services provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). Colliers International Group had a net margin of 3.20% and a return on equity of 23.60%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. The business's revenue for the quarter was up 5.7% compared to the same quarter last year.

Institutional Investors Weigh In On Colliers International Group

Hedge funds have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. boosted its holdings in Colliers International Group by 26.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider's stock worth $90,000 after acquiring an additional 124 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Colliers International Group by 2.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,055 shares of the financial services provider's stock valued at $1,011,000 after purchasing an additional 238 shares in the last quarter. Whittier Trust Co. grew its holdings in Colliers International Group by 8.4% during the 3rd quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider's stock valued at $540,000 after purchasing an additional 277 shares in the last quarter. Blue Trust Inc. increased its stake in Colliers International Group by 3,377.8% during the 2nd quarter. Blue Trust Inc. now owns 313 shares of the financial services provider's stock worth $38,000 after buying an additional 304 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in Colliers International Group by 252.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider's stock worth $56,000 after buying an additional 316 shares in the last quarter. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

About Colliers International Group

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.